housing starts strongest three months in four years

Discussion in 'Economy' started by Truthmatters, Dec 19, 2012.

  1. Truthmatters
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    Truthmatters BANNED

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    Building Permits Increase as U.S. Housing Rebounds: Economy - Bloomberg



    The number of building applications issued in November rose to a four-year high, a sign the U.S. housing-market recovery will extend into 2013.






    Permits, a proxy for future construction, climbed 3.6 percent to an 899,000 annual rate, the most since July 2008 and exceeding the 875,000 median forecast of 58 economists surveyed by Bloomberg, Commerce Department figures showed today in Washington. Photographer: David Paul Morris/Bloomberg




    Permits, a proxy for future construction, climbed 3.6 percent to an 899,000 annual rate, the most since July 2008 and exceeding the 875,000 median forecast of 58 economists surveyed by Bloomberg, Commerce Department figures showed today in Washington. While housing starts fell 3 percent to an 861,000 pace, the average rate from September through November was the strongest since the three months ended August 2008
     
    Last edited: Dec 19, 2012
  2. Rshermr
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    That is good news for the recovery. The fact that housing inventory is down in most markets is also encouraging. If we can continue to decrease unemployment so that there are more of the middle class with incomes, then we will see acceleration in building and home sales. All good stuff.
     
  3. EdwardBaiamonte
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    to bad any improvement is coming from the Feds $80 billion/month housing stimulus bubble. In theory it should burst again and cause yet another recession/depression.
     
  4. PredFan
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    Good Job GOP!
     
  5. Rshermr
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    Yes. I agree. they got out of the way just enough to allow the housing market to improve.
     
  6. EdwardBaiamonte
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    too stupid!! the GOP is for markets while the liberals are opposed to them. Liberals only want to exploit and tax them which explains why the more liberal a country is the poorer it is.
     

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